Looking to buy a home...check out these 10 great reasons why you should!!

TEN GREAT REASONS TO BUY A HOME


1. Quality of life – a home provides stability and security for you and

your loved ones.

2. Pride of home ownership – it’s your personal haven and you’re

your own landlord.

3. Historically low interest rates – around 5.5 percent in the U.S.

4. Tax Credit – U.S. government provides a special $8,000 incentive

for qualifying first-time buyers.

5. Appreciation potential – your home investment can grow in value.

6. Equity buildup and debt pay down – homeowners enjoy an

average net worth of approximately $184,000 vs. $4,000 for renters.

7. Leverage – where else can you buy an investment of this magnitude

with 5-10 percent down?

8. Tax deduction advantages – property tax and mortgage interest

write-offs (in Canada, home owners gain a tax benefit upon selling).

9. Tax exemption – up to $500,000 per couple or $250,000 per person

on sale of a primary residence in the United States (no tax upon sale

in Canada).

10. The real cost of renting – at $800 per month, with the average

6 percent rental increase per year, you will pay $126,536 over a 10-

year period but have zero ownership of the property.